Asian Stocks to Rise on Optimism Over Iran Talks: Markets Wrap
This content was published on
(Bloomberg) — Asian equities were set for a second day of gains after optimism around ongoing US-Iran talks boosted US stocks and weighed on crude prices.
UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure
This content was published on
(Bloomberg) — UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening a standoff between the Swiss bank and its critics in Washington.
Dow Average Climbs to Record on US-Iran Deal Hopes: Markets Wrap
This content was published on
(Bloomberg) — Hopes for a diplomatic way out of the war in Iran lifted stocks as oil dropped on speculation that a deal would pave the way for a revival of energy flows through the key Strait of Hormuz.
Stocks, Bonds Climb as Oil Falls on US-Iran Hopes: Markets Wrap
This content was published on
(Bloomberg) — A slide in oil prices lifted stocks and bonds amid hopes for a deal to end a war that has rattled financial markets and fueled inflation worries. In late hours, Nvidia Corp. whipsawed after its results.
Canada to Spend C$1.1 Billion Hosting Its 13 FIFA World Cup Games
This content was published on
(Bloomberg) — Canadian taxpayers will spend just under C$1.1 billion ($801 million) to host their country’s portion of this summer’s FIFA World Cup, a report said Wednesday, adding to the growing public bill across North America from the event.
Switzerland Wants Workers to Retire Later But Won’t Force Them
This content was published on
(Bloomberg) — Switzerland’s government is trying to shore up the state pension system without explicitly requiring people to stay in the workforce for longer.
CEOs Are Getting Ruthless About Worker Performance
This content was published on
(Bloomberg) — The way Unilever Plc Chief Executive Officer Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.
UBS Capital Debate in Parliament Puts Bill on Easing Track
This content was published on
(Bloomberg) — The parliamentary debate of new capital requirements for UBS Group AG earlier this month focused only on softening the government plan, putting the process on track for an outcome below the current estimate of $20 billion.
Stocks Fall as Fed-Hike Anxiety Lifts Bond Yields: Markets Wrap
This content was published on
(Bloomberg) — The latest bout of weakness in bonds lifted yields to multi-year highs, reducing the appetite for stocks on speculation that a torrid market surge has gone too far amid war-fueled inflation risks.
Stocks and Oil Whipsaw on Mixed US-Iran Signals: Markets Wrap
This content was published on
(Bloomberg) — Wall Street saw a volatile session, with stocks and oil whipsawing as traders parsed mixed signals about prospects for a US-Iran deal to end the war and revive energy flows through the key Strait of Hormuz.
Switzerland Grows More Than Expected Despite Franc, Energy Spike
This content was published on
(Bloomberg) — Switzerland’s economy grew faster than anticipated in the first quarter, weathering a spike in energy prices and a strengthening franc that each took effect at the outbreak of the Iran war.
PolyPeptide Is Said to Shortlist EQT, IDG for Next Bidding Round
This content was published on
(Bloomberg) — PolyPeptide Group AG has shortlisted private equity firms EQT AB and IDG Capital in the next round of bidding for the Swiss contract drugmaker, according to people familiar with the matter.
UBS Loses Middle East Wealth Bankers It Hired Two Years Ago
This content was published on
(Bloomberg) — UBS Group AG has lost several senior wealth management bankers in the Middle East less than two years after hiring them, indicating the intense level of competition for talent in the region.
Global Inventory Race Intensifies in Shadow of the Iran War
This content was published on
(Bloomberg) — The global rush to stockpile manufactured goods on fears of an energy-supply crunch will again overshadow business surveys in the coming week gauging the impact of a third month of war in the Middle East.
Swiss Lawmaker Pitches EU Immigration Tax in Overcrowding Debate
This content was published on
(Bloomberg) — A vice president of a Swiss government party wants to charge European Union immigrants a fee if their arrival causes population density stress in Switzerland, according to a newspaper report on Sunday.
Swatch Shops Shut as Audemars Piguet Collaboration Causes Mayhem
This content was published on
(Bloomberg) — After queuing for days to get their hands on the new Audemars Piguet-Swatch collaboration, fans on Saturday finally got their chance to buy the eye-catching pop-art timepiece, but heaving crowds stopped some stores from opening their doors and prompted pleas for calm.
Stocks Post Worst Day Since March as Bonds Get Hit: Markets Wrap
This content was published on
(Bloomberg) — A selloff in global bonds halted a rally in stocks, with concern intensifying that central banks will be forced to tighten policy to keep inflation in check amid persistently elevated oil prices.
S&P 500 Tops 7,500 as AI Fuels Record-Breaking Run: Markets Wrap
This content was published on
(Bloomberg) — A revival of the artificial-intelligence trade kept fueling momentum in stocks, with the market also rising after retail sales showed signs of consumer strength despite a war-driven surge in energy costs.
$300 Billion AI Debt Binge Spreads From Wall Street to Tokyo
This content was published on
(Bloomberg) — Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.
Stocks Get Tech Boost to Hit Fresh All-Time Highs: Markets Wrap
This content was published on
(Bloomberg) — A rally in technology giants drove stocks to all-time highs, overshadowing data showing a resurgence in inflation that fueled wagers the Federal Reserve will keep rates higher for longer.
